Question
A person purchased an article for Rs. 2000 which was
marked up by 25% above its cost price. The discount given by seller to person was Rs. 400. By how much more price, should the seller have sold to gain 20%?Solution
Marked price of the article = 2000 + 400 = Rs. 2400 Cost price of the article= 2400/1.25 = Rs. 1920 Required selling price = 1.20 × 1920 = Rs. 2304 Required amount = 2304 – 2000 = Rs. 304
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